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Strategies & Market Trends : Value Investing
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To: Mr.Gogo who wrote (45041)10/19/2011 2:26:33 PM
From: Wowzer  Read Replies (1) of 78705
 
Back in 2008 2009 banks increased loan loss reserves dramatically to cover expected losses from mortgage/commercial loans. Now due to additional analysis history etc these banks now believe that they over reserved for these loans and or the actual losses from these loans is not as bad as originally expected. So they can either reverse or debit loan loss reserves (usually pretty rare regulators don't like to see banks do that) or the more likely case they significantly lower the amount credited to these reserves in the current which lowers expenses in the current quarter.
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